Fives (Paris, France), an international leader in industrial engineering, strengthens its capabilities with the acquisition of ProSim (Labège, France), an expert in process simulation and optimization. This acquisition will enable Fives companies to enhance the simulation of their equipment in…
Chevron U.S.A. Inc., through its Chevron New Energies division, announced it has closed a transaction with Haddington Ventures to acquire 100% of Magnum Development, LLC (Magnum Development) and thus a majority interest in ACES Delta, LLC (ACES Delta), which is…
Albemarle Corporation (Charlotte, N.C.) announced that the U.S. Department of Defense has approved a $90 million grant to help support the expansion of domestic mining and the production of lithium for the nation's battery supply chain. The funding will be…
Protein design company Arzeda (Seattle, Wash.), announced that it has entered a joint development agreement with W. L. Gore & Associates (Newark, Del.)s, a global leader in advanced materials science, following the success of the companies' initial collaboration announced in…
BASF SE (Lugwigshafen, Germany) and Nanotech Energy, a worldwide leader in the field of graphene-based energy storage products, have agreed to partner to significantly reduce the CO2 footprint of Nanotech’s lithium-ion batteries for the North American market. The agreement aims…
FuelCell Energy, Inc. (Danbury, Conn.) and Toyota Motor North America, Inc. (Toyota) have announced the completion of the first-of-its-kind "Tri-gen system" at Toyota's Port of Long Beach operations. The Tri-gen system, owned and operated by FuelCell Energy, produces renewable electricity,…
Emerson (St. Louis, Mo.) announced a definitive agreement to acquire Afag Holding AG (Afag), an innovative leader in electric linear motion, feeding and handling automation solutions. Headquartered in Zell, Switzerland, Afag brings state-of-the-art technology and innovation to Emerson. The transaction…
Repsol S.A. (Madrid, Spain) has agreed to sell its oil-and-gas assets in Canada to Peyto for $468 million (approximately €433 million) as part of its ongoing portfolio management to focus activity on core regions. The agreement encompasses all the mineral…
Honeywell International Inc. (Charlotte, N.C.) announced that it has partnered with the U.S. Department of Energy's (DOE's) National Renewable Energy Laboratory (NREL) on a year-long collaboration to prototype and support the commercialization of a cartridge-based hydrogen fuel storage solution for…
Evonik Industries (Essen, Germany) has completed the relocation and expansion of its precious metal powder catalyst plant in Shanghai Chemical Industrial Park (SCIP). Production is scheduled to commence in Q4, 2023. Precious metal powder catalysts are widely used in industrial…